Coinbase to Hire 1,000 in US as Crypto Industry Gains Ground
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Coinbase CEO Brian Armstrong announced that the crypto exchange plans to hire 1,000 employees in the U.S. this year, citing the pro-crypto stance of the Trump administration and Congress. The decision comes after Armstrong attended the first-ever White House Crypto Summit, where lawmakers and industry leaders gathered to discuss regulatory frameworks and the future of digital assets.
“We just left the digital assets summit at the White House,” Armstrong stated on March 7 via social media platform X. He credited recent policy changes in the first 60 days of the Trump administration for creating an environment where companies can expand and invest in the U.S.
Pro-Crypto Congress and Super PAC Influence
Armstrong highlighted that the current Congress is the most pro-crypto in history, emphasizing the role of crypto-focused Super PACs like Fairshake in electing legislators who support blockchain innovation.
Key takeaways from Armstrong’s remarks:
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Pro-crypto policies have encouraged Coinbase to scale operations.
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Super PACs like Fairshake are shaping regulatory decisions.
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Stablecoin and market structure legislation are in development.
Coinbase, along with other major players, has financially backed Super PACs that advocate for clear regulatory frameworks, ensuring that crypto-friendly policies gain traction in Washington, D.C.
Bitcoin Reserve and Legislative Momentum
The summit also coincided with a major executive order from President Trump, directing the creation of a strategic Bitcoin reserve and a broader crypto stockpile that may include assets like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Armstrong urged lawmakers to codify the Bitcoin reserve into law, arguing that strategic digital asset holdings could benefit U.S. financial stability. He also noted that Congress is actively working on:
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Stablecoin regulation to enhance security and adoption.
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Market structure laws to define crypto assets as commodities or securities.
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Legislation classifying digital tokens based on their primary use case.
Looking ahead, Armstrong expressed confidence in America’s role as a global crypto leader, suggesting that other G20 nations may follow the U.S.’s proactive stance.
